In contrast to the rally currently being seen in the altcoin market, Bitcoin is in a phase of consolidation and uncertainty, with the price ranging amidst fears of an extended pullback. Last week, BTC made a second attempt to break through $38,000, but the momentum was short-lived, as heavy profit-taking was seen in both …
As Thanksgiving approaches, I want to thank subscribers for their continued support. In the spirit of the holiday all levels of subscribers will be sent this week’s Developed Markets Country ETF Study to their emails. The Markets Compass encourages free subscribers who only receive limited analysis to take advantage of complete content offered at …
Key Takeaways CoinLedger’s study ranks the top 10 crypto entrepreneurs based on their social media influence, with CZ, Buterin, and Dorsey leading. The ranking combines CryptoWeekly’s most influential people in crypto for 2023 with their social media followings. Despite his involvement in the FTX scandal, SBF still holds a significant social media presence, ranking …
Key Takeaways The US Justice Department is negotiating a possible $4 billion settlement with Binance over legal violations. Binance CEO CZ faces potential criminal charges related to allegations of money laundering and bank fraud. The proposed settlement includes a deferred prosecution agreement with specific compliance and monitoring conditions.
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Key Takeaways Binance and CEO Changpeng “CZ” Zhao has settled with US authorities for $4.3 billion, resolving criminal and civil cases. Changpeng Zhao pleaded guilty to a felony charge and announced his resignation as CEO of Binance. The settlement involves significant financial penalties and resolves most investigations into Binance while the SEC case is …
Key Takeaways BitDegree introduced a new learning approach using Yu-kai Chou’s Octalysis Framework at the Web Summit in Lisbon. The company showcased a gamified “Learn-to-Earn” experience, which was well-received, offering a preview of their upcoming Web3 Exam. This Web3 Exam, launching on November 27th, will give participants free NFT certificates and a chance to …
Key Takeaways Genesis Global Capital is suing Gemini to recover $689 million, alleging unfair preferential transactions before its bankruptcy. The lawsuit is part of ongoing tensions between Genesis and Gemini, intensified by the broader instability in the crypto market. The case highlights critical issues in the crypto industry related to financial management, creditor relations, …
Key Takeaways Changpeng “CZ” Zhao steps down as Binance CEO after pleading guilty to violating Anti-Money Laundering laws, with a bail set at $175 million. CZ’s farewell message to the Binance team, referencing Star Trek, underscores his confidence in the company’s future and staff. Richard Teng, the new CEO, is poised to lead Binance …
Key Takeaways The US Court of Appeals for the Second Circuit denied Sam Bankman-Fried’s request for release, citing his prior witness tampering. Bankman-Fried’s defense, invoking the First Amendment, was insufficient to sway the court. Bankman-Fried, convicted on multiple charges, will remain in custody until next year’s sentencing.